- Exro Technologies Inc. (EXRO) has signed a five-year development and distribution agreement with Inferno Solar Ltd.
- The agreement includes the deployment of the inferno System, which is a made-in-Alberta solar-plus-storage product
- The system will include Exro’s Cell Driver Energy Storage System
- Inferno will hold exclusive distribution rights within western Canada, and Exro will be the sole supplier of energy storage for use in the Inferno System.
- Exro Technologies Inc. (EXRO) is up 17.72 per cent, trading at $0.93 per share as of 3:17 p.m. ET
Exro Technologies (EXRO) has signed a five-year development and distribution agreement with Inferno Solar Ltd.
Inferno Solar is an Alberta-based supplier of solar and electric vehicle (EV) charging solutions.
The agreement includes the deployment of the inferno System, which is a made-in-Alberta solar-plus-storage product. The system will include Exro’s Cell Driver Energy Storage System.
Inferno will hold exclusive distribution rights within western Canada, and Exro will be the sole supplier of energy storage for use in the Inferno System.
Exro’s CEO, Sue Ozdemir, stated,
“To bridge the gap to large scale adoption of sustainable energy solutions requires innovation to deliver quality, affordable solutions and a passion by companies to affect change within their local communities… to bring affordable, reliable clean energy to Western Canada, while also providing visibility to Exro shareholders on one of the near-term pathways to revenue for our differentiated product offering in the under-serviced commercial and industrial sector.”
The agreement will begin with a pilot program sometime during the fourth quarter. Specifically, the Inferno System will be made up of a solar panel array and stationary energy storage for commercial and industrial sites, as well as charging infrastructure for EV charging sites.
The Exro Cell Driver will be exclusively distributed and marketed by Inferno as a component of the Inferno System in the provinces of British Columbia, Alberta, and Saskatchewan, as well as the Yukon, Northwest Territories, and Nunavut.
Exro will be the sole supplier of energy storage for use in the Inferno System.
Exro Technologies Inc. (EXRO) is up 17.72 per cent, trading at $0.93 per share as of 3:17 p.m. ET.